An LED driver is a device built to regulate and control the power of LEDs. The typical LED driver is a response unit that modulates power as per the requirements of the LEDs. The driver thus provides consistent and recommended power to an LED unit, which is needed as LEDs begin to undergo a change in their properties due to an increase in temperature. The LED driver itself is a power supply with outputs that are set into an LED circuit or chipset. Because of this, the LED driver can easily maintain the power level that the LED receives. In the absence of an LED driver and chipset, the LEDs in a circuit have the tendency to become unstable and overheat, resulting in sub-standard performance or even failure.

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Increasing demand for lighting and display appliances having an extended lifespan and less power consumption are the major factors responsible for the enormous use of LED devices which in turn is responsible for robust growth of LED Driver and chipset market. The average lifespan of a LED is 50000 hours and utilizes a fraction of energy as used by traditional display and lighting devices whereas an incandescent bulb lasts for 1200 hours and a CFL lasts for 8000 hours. Moreover, LEDs use less power (watt) per unit of light generated (lumen). Thus, the extended lifespan and less power consumption have boosted the demand of LEDs which in turn is driving the global LED driver and chipset market. In addition, different initiatives such as Green Paper "Lighting the Future" (COM(2011)889) has been taken by the government across different parts of the world such as the US, the UK, Canada, Australia, brazil, New Zealand, China, India and Japan to reduce the consumption of power by phasing out the demand for incandescent and CFL bulbs in lieu of high quality power efficient LEDs. This automatically increases the deployment and usage of LED drivers and Chipset.

Other advantages that LEDs possess over other lighting systems is their ability to generate 100% of the color scheme dictated by the National Television System Committee and some extra colors as well. LCDs, the closest rival to LEDs, only generate 70-80% of the NTSC colors. LEDs also generate a higher lumen per watt in comparison to other lighting devices. Another major advantage of using LEDs is the eco-friendly nature of the global LED driver and chipset market, where minimal materials are required to build, which can be easily reused or recycled later. The currently growing number of consumers that are increasingly aware of their own carbon footprint are beginning to prefer the global LED driver and chipset market.

Lighting Leads Global LED Driver and Chipset Market

In terms of the various applications of the global LED driver and chipset market, lighting held the largest share in the market in 2014. This segment is expected to show a 24.10% CAGR from 2015 to 2021; the segment occupied 20.1% of the global LED driver and chipset market. In terms of geography, the global LED driver and chipset market was led by Asia Pacific, a region progressing at a 23.40% CAGR for the period from 2015 to 2021.With China and Japan playing a major role in the global LED driver and chipset market, Asia Pacific is expected to remain on top of the global LED driver and chipset market for the time being.

Advanced Analogic Technologies Inc, Diodes Inc, Exar Corp and Ixys Corp among others are some of the major players operating in LED Driver and Chipset market.

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